Petoskey-Harbor Springs Area Community Foundation
- Assets
- $56.7m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 6
- Location
- Petoskey, MI
- Founding
- 05/1992
- Data as of
- 03/2022
- EIN
- 38-3032185
Organization Overview
Petoskey-Harbor Springs Area Community Foundation is located in Petoskey, MI. The organization was established in 1992. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 03/2022, Petoskey-Harbor Springs Area Community Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Petoskey-Harbor Springs Area Community Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, Petoskey-Harbor Springs Area Community Foundation generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $4.3m during the year ending 03/2022. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Petoskey-Harbor Springs Area Community Foundation has awarded 736 individual grants totaling $22,431,208. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMUNITY FOUNDATION IS MADE UP OF AN EVER-GROWING FAMILY OF FUNDS. EACH ONE IS ESTABLISHED BY AN INDIVIDUAL, FAMILY, OR ORGANIZATION TO CARRY OUT CHARITABLE WORKS AND LEAVE A LASTING LEGACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY FOUNDATION MAKES GRANTS FOR CHARITABLE PURPOSES TO VARIOUS 501(C)(3) AND GOVERNMENT ORGANIZATIONS IN THE FOLLOWING AREAS: ARTS AND CULTURE, EDUCATION, ENVIRONMENT, COMMUNITY AND ECONOMIC DEVELOPMENT, HEALTH, HUMAN SERVICES, RECREATION, HISTORIC PRESERVATION, AND YOUTH DEVELOPMENT. ALL GRANT RECOMMENDATIONS ARE REVIEWED AND APPROVED BY THE COMMUNITY FOUNDATION'S BOARD OF DIRECTORS. DONOR ADVISED FUNDS RECOMMENDED 754 GRANTS TO SUPPORT ORGANIZATIONS THEY VALUE. THE UNRESTRICTED FUND'S DISTRIBUTION COMMITTEE AND THE YOUTH FUND'S YOUTH ADVISORY COMMITTEE RECOMMENDED 50 GRANTS TO ORGANIZATIONS SERVING A SIGNIFICANT NUMBER OF EMMET COUNTY RESIDENTS. THE ADVISORY COMMITTEE FOR FIELD OF INTEREST FUNDS, INCLUDING FUNDS SUPPORTING SENIORS, CHILDREN, HOUSING OR THE ENVIRONMENT, RECOMMENDED 88 GRANTS TO ORGANIZATIONS IN CORRESPONDING FIELDS. THE SCHOLARSHIP COMMITTEE RECOMMENDED VARIOUS SCHOLARSHIP AWARDS OF 47 GRANTS TO LOCAL STUDENTS WHO ARE PURSUING EDUCATION BEYOND HIGH SCHOOL. A TOTAL OF 992 GRANTS WERE AWARDED FROM COMMUNITY FOUNDATION FUNDS DURING THIS TIME PERIOD TO IMPROVE AND ENRICH LIFE IN EMMET COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Jones Executive Director | Officer | 40 | $103,431 |
Jennifer E Deegan President | OfficerTrustee | 3 | $0 |
James W Ford Vice President | OfficerTrustee | 3 | $0 |
Melissa A Nguyen Treasurer | OfficerTrustee | 4 | $0 |
Dana F Andrews Secretary | OfficerTrustee | 3 | $0 |
Robert E Keedy Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,406,197 |
| Noncash contributions included in lines 1a–1f | $772,304 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,406,197 |
| Total Program Service Revenue | $0 |
| Investment income | $1,281,231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,787,103 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,516,964 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,516,755 |
| Grants and other assistance to domestic individuals. | $58,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $112,432 |
| Compensation of current officers, directors, key employees. | $84,324 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $256,857 |
| Pension plan accruals and contributions | $20,023 |
| Other employee benefits | $34,946 |
| Payroll taxes | $28,069 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,505 |
| Fees for services: Accounting | $11,663 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,560 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,220 |
| Information technology | $54,861 |
| Royalties | $0 |
| Occupancy | $43,047 |
| Travel | $653 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,896 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,610 |
| Insurance | $4,335 |
| All other expenses | $1,249 |
| Total functional expenses | $4,261,148 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,503 |
| Savings and temporary cash investments | $5,544,685 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,125 |
| Net Land, buildings, and equipment | $16,484 |
| Investments—publicly traded securities | $50,940,548 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $110,299 |
| Total assets | $56,667,644 |
| Accounts payable and accrued expenses | $46,913 |
| Grants payable | $122,936 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,533,760 |
| Total liabilities | $10,703,609 |
| Net assets without donor restrictions | $26,889,672 |
| Net assets with donor restrictions | $19,074,363 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $56,667,644 |
Grants Awarded
Over the last fiscal year, Petoskey-Harbor Springs Area Community Foundation has awarded $3,256,962 in support to 100 organizations.
| Grant Recipient | Amount |
|---|---|
Petoskey, MI PURPOSE: 2021 ANNUAL ALLOCATION FROM MATHIAS MEMORIAL SCHOLARSHIP FUND/GENERAL SUPPORT/TO BE USED AT THE DISCRETION OF NCMC PRESIDENT, DR. DAVID ROLAND FINLEY, PER CORRESPONDENCE WITH MR. FREY ABOUT BOARD DEVELOPMENT/TO SUPPORT NCMC'S CHILD CARE INITIATIVE, AS DESCRIBED IN NCMC'S JANUARY 2022 GRANT APPLICATION/2021 ANNUAL ALLOCATION FROM MATHIAS NCMC FOUNDATION FUND/GENERAL SUPPORT/BUILDING TOMORROW TOGETHER CAMPAIGN/FOR THE NCMC CAMPUS CUPBOARD, IN HONOR OF GAME DINNER ORGANIZERS DAVID AND DALE MEYER OR MEYER ACE HARDWARE/$1000 TO "NAMED SCHOLARSHIPS; $1000 TO THE GENERAL FUND/TO BE USED AT THE DISCRETION OF NCMC PRESIDENT, DR. DAVID ROLAND FINLEY/GENERAL SUPPORT/THE BUILDING TOMORROW TOGETHER CAMPAIGN/BUILDING TOMORROW TOGETHER CAPITAL CAMPAIGN/UNRESTRICTED GIFT/2021 ANNUAL ALLOCATION FROM GERMOND FUND FOR SCHOLARSHIPS/2021 ANNUAL ALLOCATION FROM WINNELL SCHOLARSHIP FUND/STUDENT COMMONS LOBBY/BUILDING TOMORROW TOGETHER CAMPAIGN - 2ND OF 4 ANNUAL INSTALLMENTS/BUILDING TOMORROW TOGETHER/BUILDI | $430,035 |
Harbor Springs, MI PURPOSE: FALL 2021 GRANT CYCLE - BARRIER FREE TRAILS AND A MORE ACCESSIBLE OFFIELD FAMILY VIEWLANDS RESERVE/DAVID H IRISH NATURE PRESERVE/GENERAL SUPPORT/SPRING 2021 GRANT CYCLE-NEW SNOWSHOES TO ENHANCE THE LTC ENVIRONMENTAL EDUCATION DEPARTMENT SNOWSHOE PROGRAM/AED PROJECT/ANNUAL ALLOCATION FROM AGENCY FUND | $188,998 |
Petoskey, MI PURPOSE: FALL 2021 GRANT CYCLE - A NEW HOME ON LANTERN LANE/SITE WORK AND HOME CONSTRUCTION FOR 3 HOMES IN ODEN AND 1 HOME IN ALANSON. /AN AFFORDABLE HOME ON LUCE STREET 2021/FOUNDATIONS FOR OUR FUTURE INFRASTRUCTURE COSTS/CONTRIBUTION TO THE FOUNDATIONS FOR OUR FUTURE CAMPAIGN/GENERAL SUPPORT/AN AFFORDABLE HOME ON LUCE STREET 2021/AN AFFORDABLE HOME ON LUCE STREET 2021/AN AFFORDABLE HOME ON LUCE STREET 2021/GENERAL SUPPORT/AN AFFORDABLE HOME ON LUCE STREET 2021/GENERAL SUPPORT/GENERAL SUPPORT/FALL 2021 GRANT CYCLE - A NEW HOME ON LANTERN LANE/CONTRIBUTION TO THE "FOUNDATION FOR OUR FUTURES" CAMPAIGN/FALL 2021 GRANT CYCLE - A NEW HOME ON LANTERN LANE/FALL 2021 GRANT CYCLE - A NEW HOME ON LANTERN LANE/GENERAL SUPPORT/ALLOCATION REQUEST FROM NWM HABITAT/FALL 2021 GRANT CYCLE - A NEW HOME ON LANTERN LANE/ | $174,000 |
Petoskey, MI PURPOSE: GENERAL SUPPORT/FINAL CONTRIBUTION TO CAPITAL CAMPAIGN/PHYSICIAN RECRUITMENT, RETENTION, AND RESIDENCY PROGRAM; IRISH BOAT SHOP WILL PROVIDE A DOUBLE MATCH./$500 FOR HOSPICE OF LITTLE TRAVERSE BAY AND $1,000 FOR GENERAL SUPPORT/PROVIDING THE BEST START: UPDATING | $141,238 |
PETOSKEY PUBLIC SCHOOLS PURPOSE: OTTAWA SCHOOL FINAL FENCING PROJECT/CONCESSION FOOD START UP, $5,000; ATHLETIC SPONSORSHIP 2021-2022, $5,000/SUPPORT AND ASSIST IN IMPLEMENTATION OF SCIENCE AND SOCIAL STUDIES PROGRAMMING AT CENTRAL ELEMENTARY./OTTAWA SCHOOL FENCING PROJECT GATE ADDITION/PETOSKEY BASEBALL BATTING NET PROJECT /GYM AUDIO PROJECT/GENERAL SUPPORT FOR THE CHEETOS CLUB AT PETOSKEY HIGH SCHOOL/LED LIGHT PROJECT HIGH SCHOOL MAIN GYMNASIUM /2021 ALL NIGHT SENIOR PARTY GIFT CHAIRS/MONOPRINTING SUPPLIES FOR LINCOLN AND OTTAWA ELEMENTARY SCHOOLS, PER MS. KEENE'S GRANT APPLICATION/TO PURCHASE SKI EQUIPMENT FOR CROSS COUNTRY SKI CLUB/2021 ANNUAL ALLOCATION FROM WIL MOYER MUSIC SCHOLARSHIP FUND /562 DONATIONS ATHLETICS/SCOREBOARD - $20,000; PMS BASKETBALL BACKBOARD AND RIMS, PLUS INSTALL - $8,100; PMS SKI CLUB BUSES - $1,200/GYM AUDIO PROJECT INSTALLATION/TO SUPPORT THE HIGH SCHOOL BOYS AND GIRLS GOLF PROGRAMS/FINAL 50% OF DAKTRONICS AUDIO PROJECT/NORTHMEN NIGHT/CENTRAL ELEMENTARY SCHOOL GARDEN PROJECT/COLORED PENCIL | $139,683 |
Petoskey, MI PURPOSE: FALL 2021 GRANT CYCLE - NORTHMEN DEN YOUTH SERVICES AFTER-SCHOOL FREE TUTORING CLASSES/NORTHMEN DEN YOUTH SERVICES/ANNUAL ALLOCATION FROM AGENCY FUND/GENERAL SUPPORT/ALLOCATION FROM BEQUEST FUND/TO LAUNCH A FREE AFTER-SCHOOL PROFESSIONAL MENTORING AND TUTORING PROGRAM | $138,108 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Petoskey-Harbor Springs Area Community Foundation has recieved totaling $9,000.
| Awarding Organization | Amount |
|---|---|
Robert Jensen Dau Foundation Lake Forest, IL PURPOSE: DYSLEXIA SUPPORT | $9,000 |
Endowment Analysis
| Beg. Balance | $34,963,287 |
| Earnings | $3,008,393 |
| Admin Expense | $566,745 |
| Net Contributions | $577,656 |
| Grants | $1,536,456 |
| Ending Balance | $36,446,135 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stark Community Foundation Inc Canton, OH | $373,666,840 | $68,744,620 |
Muskegon County Community Foundation Muskegon, MI | $247,862,579 | $28,555,582 |
Community Foundation Of Greater Flint Flint, MI | $212,857,243 | $17,865,297 |
Ann Arbor Area Community Foundation Ann Arbor, MI | $219,428,649 | $31,760,954 |
Community Foundation Of St Joseph County Inc South Bend, IN | $247,009,993 | $29,572,898 |
Fremont Area Community Foundation Fremont, MI | $291,559,908 | $22,142,594 |
Grand Haven Area Community Foundation Inc Grand Haven, MI | $189,481,921 | $23,464,810 |
Oshkosh Area Community Foundation Corporation Oshkosh, WI | $140,509,815 | $17,534,681 |
Community Foundation Of Greater Fort Wayne Inc Fort Wayne, IN | $181,936,459 | $11,602,152 |
Midland Area Community Foundation Midland, MI | $121,202,704 | $11,959,875 |
Community Foundation Of Lorain County Elyria, OH | $163,012,004 | $27,165,624 |
Wayne County Community Foundation Wooster, OH | $110,981,023 | $15,756,594 |